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Another high ranking Egyptian Muslim authority, Mufti Nasr Farid Wassel, has decreed that the Western Wall remain an Islamic endowment forever, explaining that it is a part of the western wall of the Al-Aqsa Mosque.
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Harvard's goal is based on a different time frame, to build an endowment that will be around forever.
"The good news is that I've created an endowment fund that will pay for the school forever, so we'll never be going back to anybody just to keep the lights on," he said.
Even a foundation intended to last forever needn't strive to maintain its current level of endowment.
And these endowments come with conditions: The Met's Robert Lehman Collection is on view forever according to a 1969 agreement bestowing the collector's 2,600 pieces of art to the museum.
The Harvard University endowment.
Israel Endowment Funds, Inc.
We have a healthy endowment.
So did the athletic endowment.
ENDOWMENT IN 2010 Columbia: $6.516 billion.
Traded endowment policies (Teps).
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